Oppenheimer Asset Management Inc. Has $1.75 Million Stock Position in Realty Income Corporation (NYSE:O)

Oppenheimer Asset Management Inc. reduced its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 19.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,215 shares of the real estate investment trust's stock after selling 7,239 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Realty Income were worth $1,753,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Realty Income by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock valued at $7,436,622,000 after acquiring an additional 555,908 shares in the last quarter. Geode Capital Management LLC increased its stake in Realty Income by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock valued at $1,253,584,000 after purchasing an additional 658,240 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Realty Income by 41.2% during the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after purchasing an additional 3,834,403 shares during the period. Norges Bank bought a new position in shares of Realty Income in the 4th quarter worth about $624,666,000. Finally, Raymond James Financial Inc. bought a new position in shares of Realty Income in the 4th quarter worth about $553,572,000. Institutional investors own 70.81% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on O shares. UBS Group cut their price target on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Wedbush restated a "neutral" rating and set a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. Scotiabank increased their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Barclays reissued an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Finally, Stifel Nicolaus upped their target price on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $61.15.

Realty Income Price Performance

NYSE:O traded down $0.14 during midday trading on Friday, hitting $57.06. 5,308,085 shares of the stock were exchanged, compared to its average volume of 5,244,476. The company has a market capitalization of $51.53 billion, a price-to-earnings ratio of 51.87, a P/E/G ratio of 3.99 and a beta of 0.76. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88. The business has a 50-day moving average price of $56.78 and a two-hundred day moving average price of $55.62.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The firm's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the firm earned $1.03 EPS. Sell-side analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a jul 25 dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be given a dividend of $0.269 per share. This is a positive change from Realty Income's previous jul 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a dividend yield of 5.6%. Realty Income's dividend payout ratio (DPR) is 292.73%.

Realty Income Company Profile

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.